ESG
and money in clients who are engaged in clean energy transition . The answer is simple : it ’ s good business .
“ Our commitment to sharing success with communities also demands we help society accelerate toward a secure and sustainable lower-carbon future . We are doing so by mobilising capital and working alongside our clients and partners to address the need for energy affordability , sustainability and security .”
In recent weeks , JPMorgan Chase has set up a special ‘ green group ’ to coordinate and inform its work around the green economy and related infrastructure investment .
Tim Berry , Global Head of Corporate Responsibility , adds that the company has brought sustainability together with philanthropy , government relations , research and policy , and community engagement functions to tackle inclusive economic growth as one team .
Morgan Stanley ’ s Executive Chairman James P . Gorman reinforces the impression that the giants of the global banking world remain solidly behind carbon reduction and green investment .
He says : “ At Morgan Stanley , we are focused on integrating ESG initiatives into our firm ’ s core competencies . With our best-in-class research , advisory and investing capabilities , Morgan Stanley is in a unique position to advance sustainability across capital markets .”
Back to Standard Chartered , which has refined its targets and now aims to reach net-zero carbon emissions within its own operations by 2025 and net zero in its financed emissions by 2050 .
68 May 2024